During the Autumn Statement, Chancellor George Osborne announced that the Stamp Duty Land Tax will change, describing the system as a “badly designed tax on aspiration.”
Until now home buyers have paid Stamp Duty Land Tax (SDLT) on the entire purchase price of the residential property. With the new reforms a progressive structure has been put in place, similar to income tax, which Osborne says will benefit 98% of home purchasers, a tax cut worth £800m a year.
Anyone buying a house that costs between £125,001 and £937,500 will be paying less stamp duty, under the reforms, or the same amount.
From 4th December 2014, the new reforms are:
Find out how much your Stamp Duty Land Tax is under the new reforms with HM Revenue & Customs free online SDLT calculator
Join us for a 'MODERN' approach to selling your home . The High Street agents with their expensive shops and fees are no longer a necessity ( we charge 1% NIL VAT). Buyers let the search engines and property portals on the internet bring all the properties within their price criteria into their own homes with no chance of missing the one they really would like to buy. Sitting with a cup of coffee in a warm room is so much more attractive than trouping around every agent in turn on a daily basis!
We were the first internet agent in the area and we believe the best, having seen several others start and fold since we began trading.
Check out our Website but remember we also advertise on Rightmove, Zoopla, Find a Property and Prime Location
For investment purposes, property is reliable in the long term. We know properties had come down fractionally in price over the last couple of years but the market is now on the move again and property prices are sure to rise this year. We therefore maintain that bricks and mortar are a better bet than stocks and shares and even putting your cash in the bank. Banks and investment companies have used your money and pension funds over the last few years and lost a great deal of it, so in fact they are literally betting with your hard earned money. Bricks and mortar have fluctuated a little but you can be sure barring any major catastrophe it will be still standing should you want to recoup in later years and there is a good chance it will have increased in value. Have a look at our properties and see if you can sensibly purchase for a future investment or give us a call and we can tell you of any we think offer special value.